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Joined 1 year ago
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Cake day: June 10th, 2023

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  • Even big corps can’t make money on rentals. Not enough to bother with the risk. Higher property taxes, higher insurance, higher maintenance costs on one side, deadbeat friendly regulation and wages not keeping up with inflation resulting in not being able to pass the extra costs along to renters.

    Starwood is the first REIT looking to sell 2000 of their 3200 homes, I expect more to follow especially if Fed hikes another 50-100 basis points. Why would anyone go for a < 3% return cash on cash from operating rentals if they can make 5-6% from loaning money to the government?

    Normally you’d expect this to be good news, with falling demand making homes affordable. Not going to happen. The costs of building a home, between more expensive materials, tight labor and high cost of debt (builders take out unsecured loans to buy land/build the home) mean new homes are stupid priced, and that feeds into higher costs of older homes. Just like the insane car market post COVID shortages. Expect paralysis and continued housing shortages, not cheaper housing.





  • So, I was on an accessibility focused team, testing and cleaning up after the feature developers to make sure the whole product still met WCAG 2.0 to AA level. I can state with complete confidence that anyone without such a team will introduce unexpected accessibility breakage and regressions every single release, sometimes in completely untouched sections. For trivial tweaks. Screen readers are finicky, temperamental and moody beasts. Modern web toolkits do a fairly good job of being accessible out of the box, but like ChatGPT generated text, they require a bit of help sometimes.

    Would not be surprised if Reddit just wants to pay lip service to accessibility. That shit costs cubic money to do right, and slows the roll of releases. Unfortunately, most advertisers on a social platform couldn’t care less.